U.S. and Global Third-Party Logistics Market Analysis is Released
U.S. and Global Third-Party Logistics Market Analysis is Released L'étude d'Armstrong et Associates sur le marché logistique US et mondial.... Communiqué d'Armstrong : "STOUGHTON, WI, May 24, 2010 – 2009 wasn’t a pretty year for 3PLs. In lock step with the global economic nose dive, domestic revenues for the third-party logistics (3PL) market sank. Hardest hit was the International Transportation Management (ITM) segment with gross revenue (turnover) falling 23.7% as total U.S. import and export ocean TEUs (trailer equivalent units) dropped 12.3%.¹ Airfreight metric tons dropped similarly with reductions at JFK and the Chicago airports exceeding 20%. As prices dove in the face of soft demand, net revenues (gross margins) shrank by 18.9%. Expeditors International, the largest U.S. freight forwarder, saw gross revenue decrease 27% and net revenue decrease 14%. The good news is that first quarter 2010 results have included double digit improvements in ITM and o...